Articles on Blockchain

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Governments face disruption by the private sector and social unrest unless they embrace new technology. Here, Prime Minster Justin Trudeau meets a robot in Edmonton last May as others look on. ( THE CANADIAN PRESS/Jason Franson)

Technology will make today’s government obsolete and that’s good

Government is about to be disrupted by technology in the same manner as major industries. It's about time.
Central authorities are still important to create legitimacy in a cryptocurrency. Shutterstock

The blockchain does not eliminate the need for trust

You may have imagined the blockchain would lead to a world without governments or institutions veryifying transactions, research shows that it probably won't.
Blockchain technology, in which real-world assets are symbolically represented by digital objects, harks back to medieval times when helmets, swords, and other items represented land and other valuables. (Shutterstock)

How blockchain technology has medieval roots

Blockchain is a hot, innovative technology — with roots in medieval treasuries.
When using a cryptocurrency, you interact with a system like the blockchain, an online ledger that records transactions, directly. Bitcoin, is an examples of this. www.shutterstock.com

Why the RBA would want to create a digital Australian dollar

A digital Australian dollar could remove the role of middlemen and creates a cheaper electronic currency system, while at the same time enabling the government to fully regulate the system.
A worker handles meat at the Doly-Com abattoir in Romania in 2013 when Europe was facing a scandal over incorrectly declared horsemeat. The problem of food fraud and its health and economic implications affect a broad range of foods around the world, but technology could soon end the problem. (AP Photo/Vadim Ghirda)

How technology will help fight food fraud

Food fraud is a common problem that technologies such as blockchain and DNA fingerprinting can help to solve.
One of China’s biggest bitcoin exchanges recently stopped trading after regulators ordered all digital currency exchanges to close — demonstrating traditional institutions’ nervousness about distributed trust technologies. In this 2013 photo, a staff member at Bitcoin mining company Landminers in southwestern China checks a computer used for that purpose. (Chinatopix via AP)

Beyond Bitcoin: The power struggle over trust-based technology

The development of distributed trust technologies is making traditional institutions like banks, corporations and governments nervous. Those who have power like to hold onto it. What's next?

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